Macys.com bolsters local tech revival

Tools

Tech migration to San Francisco is continuing on a steady pace, with leases inked for more than 1 million square feet of office space in 2012 alone, according to the Mayor’s Office.

The figure was released in conjunction with an announcement Thursday that department store retailer Macys.com signed a 15-year lease for more than 240,000 square feet at 680 Folsom St. in the South of Market neighborhood.

Mayor Ed Lee said the Macys.com move is further evidence that San Francisco is the “innovation capital of the world.” The announcement comes just after Riverbed Technology — a cloud computing and inner-office communications company — locked up nearly 170,000 feet in the same building. Both companies are set to move into the new space in 2014.

The activity reflects an announcement made at a Chamber of Commerce event Tuesday morning featuring prolific tech investor Ron Conway, who said a survey of The City’s tech companies shows they plan to hire 8,000 new workers this year.